How Much Does an Electric Vehicle Cost in Canada?

by Oct 25, 2021Car buying0 comments

How much does an electric vehicle cost in Canada in 2021?

Nowadays, more and more consumers in Canada starting to think about switching to an EV as they tend to minimize their carbon footprint. Transportation is the second-largest source of greenhouse gas emissions in Canada. An EV future will be part of the solution to our pollution woes in Canada. Canada’s target is all new vehicle sales in the country must be electric vehicles (EVs) by 2035. While the vehicle industry is changing rapidly, the first question people often ask about electric cars might be: how much does an electric car cost in Canada?

Before we take a look at how much does an electric vehicle price costs in Canada, we should note that EVs are cheaper to own compared to gas vehicles in Canada. In general, the initial purchase price of an EV is higher than a gasoline car, but EVs will win out in the end.

Electric Vehicle Cost in Canada

There are three main factors that contribute to the cost-efficient for EVs:

1. Government Incentives

In 2019, the Government of Canada launched the Incentives for Zero-Emissions Vehicles, which covers battery-electric, plug-in hybrid electric, and hydrogen fuel cell vehicles. The federal rebate for buying or leasing an EV is a point-of-sale incentive of $2,500 to $5,000 for consumers. Depending on where you buy or the model you purchase, the full details of purchase incentives are available here: the Incentives for purchasing zero-emission vehicles.

Owning an electric vehicle in Canada is a bonus not only does the government of Canada offers incentives for EV owners but also Canada has built out a network of EV charging station across the country.

2. Lower Energy Cost

Electricity costs are much less than fuel, so an EV will be more cost-efficient to operate. As the average Canadian driver traveling 20,000 km per year, it will be a great saving on energy with an EV. You can charge your EV at public charging stations or at home, that’s more than $1000 saving on fuel per year if you travel as most of the Canadian drivers are at the average range.

3. Lower Maintenance Cost

Maintenance costs for EVs could be another saving since EVs have far fewer moving parts and don’t need oil changes. In the end, you will see net savings come in with an EV after your purchase.

Combining these three factors, you will not only save up to $5000 at the point of purchase but also save thousands of dollars on the operation every year.

Learn more about the benefits of buying from Carnex. We believe that all clients deserve to know the good and bad of what they’re buying. Because we wanted to know these when we bought cars. That’s why at, we will proudly display every detail every step of the way. Browse all the best cars, automobile buying tips, auto insurance, young drivers, driving techniques, auto industry trends from Carnex Blog.

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Who is Carnex?

Carnex is an online EV dealer built for Canadians to buy and sell electric vehicles. Our mission is to provide Canadians with an alternative and transparent way to buy and sell used electric vehicles and to accelerate the transition to a sustainable green future. is Canada’s first e-commerce platform for used Electric Vehicles. Carnex is the leading Online Car Dealership in Ontario, with the company’s headquarters located in Toronto, Ontario.
Carnex is the fastest and cheapest way to buy a car online. We deliver to your door and collect your old car without extra charges. Buy Now-Pay Later Financing is available.

Why buy from Carnex?

Carnex is trusted by over 18 million buyers to find amazing discounts on used EVs and new EVs in their neighbourhood. Carnex specializes in electric vehicles, and we make the effort to make sure your EV purchase from us will be worry-free. Our skilled EV technicians perform a comprehensive diagnostic on all of our electric vehicles at Carnex because your satisfaction is very important to us. will help you find the best EV bargains among the listings across Canada, and we’ll provide you with the vehicle history and comprehensive reviews for each EV.

Why Choose Us

We choose to only sale quality and zero-accident used vehicles. We are so confident in our cars that we will shamelessly show you all the perfections and imperfections of the vehicle – from the Chasis pictures to chipped paint spots.

We also offer a 9-day no question asked return policy and an 100-day in house mechanical warranty to make your purchase risk-free.

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